Status: Draft -- Not PublishedWill be live at 12/16/2022 14:05
IIF response to IAIS Operational Resilience consultation
On December 14, the IIF responded to the International Association of Insurance Supervisors consultation on operational resilience. We highlighted that operational resilience is an outcome, rather than a specific process, and encouraged a flexible approach that leverages group-wide approaches. Our response also highlighted some of the risks that insurers face in developing a comprehensive approach to operational resilience, including third party vendor concentration and data localization risks.